Seagate Technology Reports Fiscal First Quarter 2021 Financial Results

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Seagate Technology (STX) Raises Buyback Plan by $3B

October 22, 2020 4:18 PM EDT

With earnings, Seagate Technology (NASDAQ: STX) approved a $3 billion increase to the share repurchase authorization, bringing the available amount to $4.2 billion.

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Seagate Technology (STX) Tops Q1 EPS by 5c; Guides Above at Midpoint

October 22, 2020 4:08 PM EDT

Seagate Technology (NASDAQ: STX) reported Q1 EPS of $0.93, $0.05 better than the analyst estimate of $0.88. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.34 billion.

GUIDANCE:

Seagate Technology sees Q2 2021 EPS of $0.95-$1.25, versus the consensus of $1.08.... More